DuPont de Nemours (NYSE:DD) Price Target Raised to $176.00

DuPont de Nemours (NYSE:DD) had its price target lifted by Barclays from $156.00 to $176.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

DD has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Friday, October 30th. The Goldman Sachs Group cut their target price on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. UBS Group cut their target price on DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Citigroup reduced their target price on DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Royal Bank Of Canada decreased their target price on DuPont de Nemours from $176.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $165.88.

DuPont de Nemours Trading Up 0.9%

Shares of DD traded up $1.32 on Wednesday, reaching $146.25. 975,691 shares of the company’s stock were exchanged, compared to its average volume of 856,064. The business has a 50 day moving average price of $133.21 and a two-hundred day moving average price of $138.80. DuPont de Nemours has a 12 month low of $111.15 and a 12 month high of $157.98. The stock has a market capitalization of $19.75 billion, a P/E ratio of 65.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours will post 7.51 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. DuPont de Nemours’s payout ratio is 107.62%.

Institutional Trading of DuPont de Nemours

Large investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of DuPont de Nemours by 7.8% during the 3rd quarter. Allworth Financial LP now owns 6,275 shares of the basic materials company’s stock valued at $851,000 after purchasing an additional 455 shares in the last quarter. Fisher Asset Management LLC increased its stake in DuPont de Nemours by 12.9% during the 3rd quarter. Fisher Asset Management LLC now owns 3,305 shares of the basic materials company’s stock worth $429,000 after purchasing an additional 378 shares in the last quarter. Legacy Trust acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $4,771,000. Maryland State Retirement & Pension System raised its holdings in DuPont de Nemours by 16.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 8,403 shares of the basic materials company’s stock worth $1,091,000 after buying an additional 1,213 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in DuPont de Nemours by 2.1% during the 3rd quarter. Jacobi Capital Management LLC now owns 7,259 shares of the basic materials company’s stock worth $943,000 after buying an additional 149 shares during the period. Institutional investors own 73.96% of the company’s stock.

Key DuPont de Nemours News

Here are the key news stories impacting DuPont de Nemours this week:

• Positive Sentiment: Several analysts raised their valuation targets while maintaining bullish ratings. UBS lifted its target to $182 from $172 and kept a Buy rating; RBC raised its target to $173 from $160 with an Outperform rating; and Wells Fargo increased its target to $170 from $166 while maintaining Overweight. UBS target and rating RBC target and rating Wells Fargo target
• Positive Sentiment: Additional coverage included a new Buy rating and a higher price target from Citigroup, reinforcing the generally constructive analyst view. New Buy rating Citigroup target increase
• Positive Sentiment: Barclays reiterated its Buy rating. The analyst support follows DuPont’s recent quarterly earnings beat: EPS of $2.09 topped the $1.87 consensus, while revenue also exceeded expectations. Shares were reported to have gapped up after the results. Barclays rating Shares gap up after earnings

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.

The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.